Honda warns 50% Canada auto tariffs would be catastrophic for auto industry

Honda issued a warning that a 50% tariff on Canadian automobiles and parts would harm the auto industry. President Donald Trump threatened to increase tariffs on Canadian vehicles and parts from 25% to 50% if a trade deal is not reached between the United States and Canada. Honda did not specify the timeline for when such tariffs might be implemented.

• CNBC — Honda warns 50% Canada auto tariffs would be catastrophic for auto industry

Next story